Well Established Liquor Store

Roseville, MI (Macomb County)

Seller Financing Available
Well Established Liquor Store
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Asking Price: $700,000

Cash Flow: $250,000

Gross Revenue: $1,500,000

EBITDA: N/A

FF&E: N/A

Inventory: $225,000*

Rent: $3,100 /Month

Established: 2009

*not included in asking price.

Well Established Liquor Store

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Business Description

GREAT OPPORTUNITY

awesome opportunity to own a well established liquor store in the suburbs of macomb county ... store has been here since 1984 but was completely remodeled in 2009 from floor to ceiling with new shelvings , fixtures and top of the line high efficiency equipment and L.E.D. lights .. 2 walk in coolers
13 door beer cooler with brand new Anthony doors
12 door pop cooler with new compressor and coils
4 door reach in wine cooler
3 door freezer ..
4 ft open display milk and dairy cooler

*store does 30k/week average in sales with growth potential
*lottery commission (2 machines) was 90,000.00 last year and keeps growing
* atm commission is about $700.00 -$800/mo
*store has a check cashing system in place but is not too aggressive due to owner not there all the time ( very high potential )

Detailed Information

Location:
Roseville, MI
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
4
Facilities:
store is 3000 sq/ft in a shopping center ( owned by different entity ) rent is $3100 / mo gross (not triple net lease ) with 10 years left on the lease
Competition:
store sits in a great location surrounded by a mix of residential and commercial buildings including big chain names like kroger,rite aid, burger king etc
Growth & Expansion:
store sells absolutely no type of food ,, adding a small kitchen or deli will dramatically increase sales ..at least 5 customers a week ask about hot food or sandwiches
Financing:
50% down plus inventory ....land contract for 7 years @8% interest
Support & Training:
seller willing to stay for 14 days for help and support (4 hours a day ) at no extra charge
Reason for Selling:
pursuing other interests
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Business Listed By:
FERRIS

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